PSX · TEXTILE SPINNING · 1 Hour
KOSM Rising Wedge forming
Kohinoor Spinning Mills Limited · 12 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 5.55
- ▼ 1.42%
- Upper line
- 5.89
- +6.1%
- Lower line
- 5.48
- -1.3%
- ATR
- 0.11
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
KOSM is compressing inside a rising wedge on the hourly chart - 5 swing points, 6.9x ATR wide at the start.
Upper line 5.89, lower line 5.48. The pattern favours a downside resolution: a hourly close above 5.91 confirms an upside breakout, a close below 5.46 a downside break.
Structure: bearish external, bearish internal (strong high 7.29). Nearest demand OB 4.95 - 5.00, supply OB 6.44 - 6.48.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 5.89 (+6.1%) would be an upside breakout.
- 3 A 1 hour close below 5.48 (-1.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.